https://www.taxtmi.com/caselaws?id=380508 The Tribunal ruled in favor of the Appellant, stating they were not liable to pay Service Tax on lending services received from International Finance Corporation, Asian Development Bank, and PROPARCO. The services were deemed exempt from taxation due to immunities under relevant Acts and specific conditions outlined in exemption Notifications. The Tribunal set aside the tax liability for the Appellant, affirming their eligibility for exemptions based on the usage of funds within a Special Economic Zone and previous Tribunal decisions supporting their position. en-us Mon, 29 Apr 2019 00:00:00 +0530 Thu, 23 May 2019 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380508 The Tribunal ruled in favor of the Appellant, stating they were not liable to pay Service Tax on lending services received from International Finance Corporation, Asian Development Bank, and PROPARCO. The services were deemed exempt from taxation due to immunities under relevant Acts and specific conditions outlined in exemption Notifications. The Tribunal set aside the tax liability for the Appellant, affirming their eligibility for exemptions based on the usage of funds within a Special Economic Zone and previous Tribunal decisions supporting their position. Case-Laws Service Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380508